Which 1929 trading day gave the U.S. stock-market crash its name “Black Tuesday”?
Answer
October 29, 1929
Black Tuesday, the most famous day of the 1929 U.S. stock-market crash, occurred on October 29, 1929.
On that Tuesday, investors sold roughly 16 million shares on the New York Stock Exchange, a record at the time. Prices collapsed after several days of intense selling, following the earlier panic known as Black Thursday on October 24 and another sharp fall on Black Monday, October 28.
The crash did not single-handedly cause the Great Depression, but it became its most recognizable financial symbol. Economic contraction, bank failures, falling prices, reduced investment, and international debt problems deepened the crisis during the early 1930s. A common mix-up is treating Black Tuesday as the entire crash; it was one especially disastrous trading day within a wider collapse that continued afterward.